Umicore Sa · EURONEXT:UMI
Umicore Sa — Investor Presentation (September 2022)
98 slides from Umicore Sa's investor presentation, September 2022
Slide 1: Investor presentation September 2022
Investor presentation September 2022
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking Readers are cautioned that forward-looking information that involves risks and uncertainties, statements include known and unknown risks including statements about Umicore’s plans, and are subject to significant business, objectiv
Slide 3: Introduction to Umicore
umicore 5 — Introduction: Umicore ——
Slide 4: Who we are
Who we are We deliver sustainable solutions to address global megatrends Our products and services accelerate global mobility transformation, cater for the growing need for advanced materials and enable even greater circularity for critical metals Growing Mobility need for We are the leading circula
Slide 5: A global supplier, locally
A global supplier, locally COLLEAGUES Europe North America 11,050 6,220 688 Asia / Pacific PRODUCTION SITES 18 3,323 10 46 7 12 1 R&D | TECHNICAL CENTERS 6 15 Africa South America 159 660 1 5 1 Investor presentation - September 2022 5
Slide 6: Our strongly rooted foundations
Our strongly rooted foundations Growing Unique Mobility need for Supportive transformation advanced business model materials megatrends INTERNAL DRIVER EXTERNAL DRIVER Industry leader in sustainability Investor presentation - September 2022 6
Slide 7: Building on Horizon 2020 achievements
Building on Horizon 2020 achievements “Fit” and ready for the future HORIZON 2020 PUSHING INDUSTRY STANDARDS RECORD SUCCESSFULLY DELIVERED IN TERMS OF SUSTAINABILITY RESULTS IN 2021 REVENUES Free Cash Flow Clear leadership Doubled the size of the Turned sustainability Rebalanced €4.0bn €989m in clea
Slide 8: Accelerating megatrends driving all activities
Accelerating megatrends driving all activities Investor presentation - September 2022 8
Slide 9: H1 2022 achievements
H1 2022 achievements ENERGY & SURFACE CATALYSIS RECYCLING TECHNOLOGIES Automotive Catalysts Rechargeable Battery Materials Precious Metals Refining Precious Metals Chemistry Cobalt & Specialty Materials Metal Precious Metals Management Fuel Cell & Stationary Catalysts Deposition Solutions Electro-Op
Slide 10: Investor presentation - September 2022
Investor presentation - September 2022 10
Slide 11: RISE pillars enabling all activities to thrive
RISE pillars enabling all activities to thrive, making Umicore a net beneficiary from megatrends Strong Anticipating Unique portfolio Sustainability foundations megatrends and of mutually deeply embedded and successful embracing them as reinforcing activities in our DNA track record our business dri
Slide 12: Mobility transformation unlocking transformational growth for Umicore
Mobility transformation unlocking transformational growth for Umicore + €5 bn to €6 bn Profitable growth with adjusted EBITDA margins > 20% throughout Revenues Catalysis € 4.0 bn the period Recycling Energy & Surface Technologies Uninterrupted value creation at Group level 2021 2030 Vision Investor
Slide 13: Net beneficiary of a changing world
Net beneficiary of a changing world 2030 GROWTH Megatrends >100% Grow like Supporting our business model a start-up Revenues PROFIT Portfolio Synergetic, coherent, competitive >20% Create EBITDA margin value as an established RETURN Purpose company Sustainability at the core Writing the next chapter
Slide 14: Mobility Transformation
Mobility Transformation Investor presentation - September 2022 14
Slide 15: Mobility transformation radically accelerating
Mobility transformation radically accelerating Uniquely positioned to help the world transition to cleaner mobility Internal Prime Full Electric ICE equipped Combustion Vehicle electrification vehicles will Engine path for light Battery active remain the Emission control materials transportation Cat
Slide 16: Automotive Catalysts
Automotive Catalysts Capture peak profitability and maximize value Embarking the mobility transformation together with our customers Strong technology position in light of upcoming emission legislation Long-standing partner in delivering cleaner air with embedded sustainability value through sustain
Slide 17: Rechargeable Battery Materials
Rechargeable Battery Materials Capture profitable growth and create sustainable value Value-creative strategic partnerships across the value chain Broad technology & IP portfolio covering design-to-performance and design-to-cost applications, incl. next-gen technologies Pioneering responsibly-source
Slide 18: Battery Recycling Solutions
Battery Recycling Solutions Capture profitable growth in circular battery value chain Supporting our customers with a circular offering from the start and ready to accelerate together Long-standing materials and process technology know-how Embedded sustainability value through sustainable recycling
Slide 19: Fuel Cell Catalysts
Fuel Cell Catalysts Capturing the emerging growth Long-term global leader in PEM fuel cell catalysts at industrial scale Industry-leading materials in terms of durability, performance and PGM loading Embedded sustainability value delivering high performance solutions for zero emissions transport Umi
Slide 20: Advanced Materials
Advanced Materials Investor presentation - September 2022 20
Slide 21: Key enabling technology in various sectors
Key enabling technology in various sectors Attractive markets and differentiated technology Serving demanding Synergies in R&D, Circularity = efficient Key differentiator high-tech applications metal management and sustainable business model Cobalt & Plating, chemicals, automotive, Residues from too
Slide 22: Precious Metals Refining
Precious Metals Refining Leadership in sustainable, complex and low carbon recycling Trusted partner for more than 20 years, recovering 17 different metals from more than 200 complex waste streams Offering superior metal yields touching the full metal value chain with leading CO2 performance with ne
Slide 23: We Go for Zero
We Go for Zero Sustainability Champion Investor presentation - September 2022 23
Slide 24: Let's Go for Zero
Let's Go for Zero the ambitions behind being a Sustainability Net Zero GHG emissions by 2035 Champion Zero Zero harm inequality Net Zero GHG. Zero regrets. Endless possibilities. Investor presentation - September 2022 24
Slide 25: Net Zero GHG emissions by 2035
Net Zero GHG emissions by 2035 Net Zero Scope 1+2 scope 1+2 792 000 tons CO2e baseline -50% -100% GHG -20% 2019 2025 2030 2035 Scope 3 -42% 7.1 tons CO2e/ton tons CO2e/ton purchased materials purchased materials intensity baseline committed
Slide 26: Zero inequality
Zero inequality WHERE WE ARE 11,050 WE GO FOR Gender parity in management as soon as possible, with Group employees TODAY 35% women in management by 2030 25% Women in management Increased cultural diversity 21.6% in management teams by 2025 Non-Europeans in senior management 75 Measuring and disclos
Slide 27: Zero harm
Zero harm • Minimizing impact Wellbeing @ work Sustainable sourcing on the environment champion • -25% diffuse emissions by Zero work related injuries 2025 with continuous Driving positive impact Zero excess exposure improvement of other types of in the value chain metal emissions Mental, physical,
Slide 28: Umicore 2030 – RISE: Growth, returns and cashflows
Umicore 2030 – RISE Growth, returns and cashflows
Slide 29: Horizon 2020 strategy financial targets
Horizon 2020 strategy financial targets Delivered on financial targets 2015 – 2020 Targets 2020 Values 2021 Values CAGR revenues of 7 % 7% 9% Accelerating CAGR adj. EBITDA of 8 % 12 % 18 % profitable growth Double adj. EBIT to € 0.5bn by 2020 Achieved in 2018 Tripled by 2021 High investments & stron
Slide 30: Horizon 2020 strategy drove step-change
Horizon 2020 strategy drove step-change Doubled in size : earnings, capital employed and value 2015 STEP CHANGE 2021 CAGR 2015-2021 adj EBITDA Workforce (‘000) 8.8 + 26 % 11.1 +25% +21% +20% +18% Revenues (€ bn) 2.3 x 1.7 4.0 +15% +15% +15% adj EBITDA (€ bn) 0.47 x 2.7 1.25 +10% +5% Average Capital
Slide 31: Differentiated sources of value creation
Differentiated sources of value creation Balancing growth, returns and cash flows for the Group Value driver Low Contribution to Umicore’s value creation High • Attractive earnings growth driven by Earnings Rechargeable Battery Materials & growth Battery Recycling Solutions (adj EBITDA growth) • Gro
Slide 32: Umicore Group earnings growth ambition
Umicore Group earnings growth ambition Secular earnings growth while maintaining attractive historical margins 2,000 adj EBITDA Ambitious 2026 growth plan with 1,800 Double digit CAGR 1,600 at 2020 rates Rechargeable Battery Materials as 1,400 appr. € 1.5 bn transformative factor and growth in Catal
Slide 33: Growth investments to accelerate
Growth investments to accelerate Over 3/4th of Group capex in battery materials, battery recycling & fuel cells Capex 2015-2021 Capex 2022-2026* Bulk of Group capex oriented towards secular growth opportunities Catalysis E&ST Rechargeable Battery Materials € 2.8 bn Recycling > € 5 bn & Battery Recyc
Slide 34: Capital allocation shift to accelerate
Capital allocation shift to accelerate Doubling of capital employed subject to value creative returns Average Trend vector 2030 vs 2026 Close to doubling of average capital employed by Capital Employed 2026 (vs 2021) driven by Rechargeable Battery GROUP Materials & Battery Recycling Solutions Cataly
Slide 35: Capital allocation shift to accelerate
Capital allocation shift to accelerate Group returns above cost of capital with some temporary dilution in E&ST Catalysis E&ST Recycling GROUP ROCE ROCE ROCE ROCE 2015 - ’20 average – ~14 % 2015 - ’20 average – ~11 % 2015 - ’20 average – ~37 % 2015 - ’20 average – ~14 % Near-term returns Stay above
Slide 36: Operational cash flow profile
Operational cash flow profile Substantial free cash flows in Catalysis & Recycling reinvested into E&ST 9.000 Cumulative € 6 - 7 bn 7.000 cash flows 2022 - 2026 Group free Substantial free cash flows in 5.000 operational cash flow Catalysis and Recycling Catalysis appr. break even Accelerating furth
Slide 37: Funding levers
Funding levers From full autonomous funding to co-funding partnership model Policy unchanged : Maintain Investment Grade status Embedded in group strategy Optional Strong ESG- Co-funding Joint Grants Capital free focused partnership Venture and other Market operational debt funding model investment
Slide 38: Financial review H1 2022
_ umicore materials fer a bette, life Financial review HL 2022
Slide 39: Strong performance in H1 2022
Strong performance in H1 2022 Key figures Umicore delivers first-half performance in line with Q1 outlook, in a challenging market context, and makes good progress in the execution of the “Umicore 2030 – RISE” strategy REVENUES Adjusted EBIT Free Operating Cash Flow € 320 m € 2.1 bn € 461 m Net debt
Slide 40: Key highlights of H1 2022
Key highlights of H1 2022 Strong performance despite market Active implementation of RISE 2030 environment characterized by significant strategy with key milestones achieved external challenges In Rechargeable Battery Materials: • Further build-out of long-term, value creative customer Catalysis: ou
Slide 41: Strong Adj. EBIT(DA) and margins
Strong Adj. EBIT(DA) and margins Close to 1H 2021 exceptional record performance despite challenging market context Adj. EBIT & Adj. EBIT margin • Adjusted EBIT of € 461 million, down 26% compared 28,6% 700 0,3 to record level of H1 21 and up 33 % compared to H2 600 21,0% 0,25 21 625 500 17,2% 18,5%
Slide 42: Strong free operating cash flow generation
Strong free operating cash flow generation million €, continued operations only 1000 836 800 Cash flow from operations after changes in 600 806 570 673 working capital at € 521 million 521 330 347 359 400 308 433 Smaller than anticipated increase in cash 200 298 241 275 327 137 working capital of €
Slide 43: Net cash flow bridge
Net cash flow bridge Stable net financial debt versus end 2021 million € 600 Free operating cashflow of € 320 550 million, including € 152 million 500 increase in working capital and € 201 million investments. 450 -201 201 400 350 521 Funded a combined € 308 million 300 -101 101 cash outflow related
Slide 44: Full P&L
Full P&L Million € H1 2021 H1 2022 Adj. EBIT below last year’s record level, reflected in lower Net result Group share Adjusted EBIT 625 461 - Net finance cost (52) (46) Decrease in adjusted net financial cost due to lower forex - Adjusted Tax (140) (92) charges more than offsetting Adjusted net res
Slide 45: Solid capital structure
Solid capital structure 1500 1400 1300 1200 1443 1414 1100 Gearing 1000 ratio 90040,00% 35,2% 35,0% 3,5 800 960 35,00% 3 700 955 860,5 Net debt, 60030,00% 2,5 24,4% 1,92 23,3% end of period / 500 1,76 21,6% 25,00% 2 adj. EBITDA 400 30020,00% 1,19 1,5 200 0,77 0,88 Net debt, end of period 15,00
Slide 46: 2022 Outlook
2022 Outlook Umicore expects another strong performance in 2022 across business groups in a severely disrupted market context Based on the performance in the first half of the year and assuming precious metal prices remain at current1 levels for the remainder of the year, Umicore expects its adjuste
Slide 47: Guidance for full year 2022
Guidance for full year 2022 It is anticipated that car production will remain impacted by the ongoing supply disruptions. Notwithstanding the related limited visibility, Umicore expects to continue to benefit from its strong market position in gasoline applications. Taking into account the strong pe
Slide 48: Key Investment Considerations
Key Investment Considerations
Slide 49: Net beneficiary of a changing world
Net beneficiary of a changing world 2030 GROWTH Megatrends >100% Grow like Supporting our business model a start-up Revenues PROFIT Portfolio Synergetic, coherent, competitive >20% Create EBITDA margin value as an established RETURN Purpose company Sustainability at the core Writing the next chapter
Slide 50: Creating value as an established company while growing as a start-up
Creating value as an established company while growing as a start-up company • Well-diversified business profile with broad product, end-market and customer base driven by a common theme of sustainability and ever-growing megatrends, source of varied and synergetic value-creating growth. • Strong tr
Slide 51: Annexes
:; umicore materials fr a better life Annexes
Slide 52: Business Group Overview
_ umicore materials fer a bette, life Business Group Overview
Slide 53: Catalysis
:; umicore materials fr a better life Catalysis
Slide 54: Catalysis overview
Catalysis overview We are one of the leading producers of emission control catalysts for gasoline and Automotive diesel on-road and non-road applications, power generation and industrial processes Catalysts to meet environmental standards around the world. We are experts in metals-based catalysis fo
Slide 55: Catalysis: balancing growth, returns and cash flows
Catalysis Balancing growth, returns and cash flows Value driver Low Contribution to Umicore’s value creation High • Capture unprecedented value Earnings peak in Automotive Catalysts in Fuel the decade growth (adj EBITDA growth) Cells • Prepare growth acceleration in fuel cell catalysts after mid-dec
Slide 56: Catalysis: medium-term growth and cash
Catalysis Committed to capture medium-term growth while driving efficiency & cash adj EBITDA Double digit CAGR 550 at 2020 rates 500 Close to 450 € 0.5 bn Mid single digit 400 € 0.4 bn CAGR 2021-2026 Attractive medium- term growth from 350 300 car market recovery, final legislation cycle 250 and HDD
Slide 57: Catalysis H1 2022
Catalysis H1 2022 Revenues -1% and adj. EBITDA margin at 23% H2 EBITDA margin Revenues (m€) H1 EBIT margin • Strong performance despite significant disruptions in global 1.687 industries and supply-chains 1.460 1.500 1.360 1.364 • Automotive Catalysts 1.250 780 652 743 1.000 • Outstanding perfor
Slide 58: Zoom in on Automotive Catalysts and Fuel Cell & Stationary Catalysts
Zoom in on Automotive Catalysts (AC) and Fuel Cell & Stationary Catalysts (FCS) Investor presentation - September 2022 58
Slide 59: Catalysis: capture peak in Automotive Catalysts and emerging growth in Fuel Cells
Catalysis: capture peak in Automotive Catalysts and emerging growth in Fuel Cells Fuel Cells: Automotive Catalysts: • Strong position in light-duty gasoline; prepare growth extending value capturing segment benefiting most from upcoming acceleration after through presence in most emissions legislati
Slide 60: Accelerating mobility transformation
Accelerating mobility transformation ICE remains dominant powertrain solution in 2030 Light-duty vehicles Heavy-duty vehicles Proportion by powertrain in global production Proportion by powertrain in global production Source: Umicore market model – LDV Source: Umicore market model – HDV (incl. mediu
Slide 61: Attractive value to capture the next decade
Attractive value to capture the next decade Emission catalyst market moving towards unprecedented value peak Light, Medium & Heavy-Duty Vehicles Global automotive catalyst volumes (liters) Value growth driven by market -2% rebound and tighter legislation CAGR -4% +14% CAGR for light-duty and heavy-d
Slide 62: Automotive Catalysts – RISE
Automotive Catalysts – RISE Capture peak profitability and maximize value Capture maximum value from market peak • Maintain strong position in light- duty gasoline catalysts globally • Continued growth in heavy-duty catalysts in China and Europe EMBARKING THE STRONG LONGSTANDING ORGANIZATIONAL MOBIL
Slide 63: PEM catalyst market to witness exponential growth towards 2040
PEM catalyst market to witness exponential growth towards 2040 Total cathode materials Global PEM demandregulatory Strong to grow dramatically support for 300 – 400 tons catalyst demand towards 2030, hydrogen primarily economy driven in Europe per application (t) by light-duty and EVs segment APAC r
Slide 64: Fuel Cells – RISE
Fuel Cells – RISE Capture emerging growth as leading fuel cell catalyst provider Capture near term growth in fuel cells for HDV/MDV and long range LDV BUILDING BENCHMARK KEY PARTNER SCALING-UP CUSTOMER MATERIALS – FOR THE PRODUCTION COOPERATIONS INNOVATION AND TRANSITION TO FOOTPRINT IN Adjacent opp
Slide 65: Energy & Surface Technologies
Energy & Surface Technologies
Slide 66: Energy & Surface Technologies overview
Energy & Surface Technologies overview Rechargeable We are a pioneer in battery materials and a leading cathode material supplier for Battery rechargeable lithium-ion batteries, giving added range and performance to electric Materials vehicles, and longer battery life for portable electronics. We ar
Slide 67: E&ST: balancing growth, returns and cash flows
E&ST Balancing growth, returns and cash flows Value driver Low Contribution to Umicore’s value creation High • Unprecedented Earnings transformational growth in growth Rechargeable Battery (adj EBITDA growth) Materials Cost of • Partial payback by 2026 from high Return-driver Capital growth investme
Slide 68: E&ST: Rechargeable Battery Materials to drive transformative growth
E&ST Rechargeable Battery Materials to drive transformative growth 900 adj EBITDA 800 Non-linear 700 € 0.6 to 0.8 bn appr. 20% CAGR Step-change in revenues & earnings as 600 2021-2026 + 15 % CAGR or x 2.3 or appr. x 2.5 from mid-decade driven by Rechargeable 500 Battery Materials 400 € 0.26 bn 300 2
Slide 69: E&ST H1 2022
E&ST H1 2022 Revenues +21% and adj. EBIT +44%, reflecting higher revenues and earnings in Cobalt & Specialty Materials and Rechargeable Battery Materials H1 EBITDA margin Revenues (m€) H2 EBIT margin 1.289 1.225 Rechargeable Battery Materials 1.250 1.174 1.045 As anticipated and announced in Dec
Slide 70: Zoom in on Rechargeable Battery Materials (RBM)
Zoom in on Rechargeable Battery Materials (RBM) Investor presentation - September 2022 70
Slide 71: Electrification increasing at fast pace
Electrification increasing at fast pace, triggered by regulatory push and OEM commitments Light-duty vehicles Medium- and Heavy-duty vehicles Proportion by powertrain Proportion by powertrain in global car production in global car production Source: Umicore market model Source: Umicore market model
Slide 72: Umicore chemistries addressing ~75% of total Light-duty EV CAM demand
Umicore chemistries addressing ~75% of total Light-duty EV CAM demand Global CAM Evolving technologies demand (GWh) 2,400 reflecting car OEMs’ need for LDV only – performance- and cost-focused Chemistry split ~25% Umicore solutions CAGR addressable market, covering ~75% design- NM(C) chemistries (in
Slide 73: >20% annual market growth across all regions
>20% annual market growth across all regions CAM demand (GWh) across regions LDV only EUROPE NORTH AMERICA Europe, China and 1000 1000 900 ~25% 900 North America 800 800 700 CAGR 700 ~22% expected to represent 600 600 CAGR 500 500 400 ~90% of total LDV 400 300 200 300 200 CAM demand 100 100 0 0 2022
Slide 74: Rechargeable Battery Materials - the plan to 2030
Rechargeable Battery Materials - the plan to 2030 GWh >400 High-Nickel Battery chemistry High-Nickel High-Nickel HLM Solid State CAM Mid-Nickel Production at scale Mid-Nickel Solid State Catholyte Mid-Nickel HV Mid-Nickel HV GWh 230 Korea China Europe Europe 1/2 2/2 North America GWh 65 GWh 15 2015
Slide 75: Cathode active materials crucial for the mobility transformation
Cathode active materials crucial for the mobility transformation … CAM critical component determining electrification success Key Biggest single Critical driver of technological contributor to long-term cell lever for battery overall battery technology performance cost strategy Investor presentation
Slide 76: Requiring critical competences and skills
… requiring critical competences and skills for CAM producers to succeed Product Process Supply High performance and quality Mastering complexity and Strategic access to raw materials product with customized end specs flexibility of production process – low carbon intensity, highest ESG requirements
Slide 77: Rechargeable Battery Materials – RISE
Rechargeable Battery Materials – RISE Capture profitable growth and create sustainable value Extend leadership in Europe Enter North America with local production VALUE CREATIVE TECHNOLOGY & IP KEY PARTNER STEP-CHANGE STRATEGIC PORTFOLIO IN TRANSITION IN PROCESS, PARTNERSHIPS COVERING TO LOW CARBON
Slide 78: Recycling
:; umicore materials fr a better life Recycling
Slide 79: Recycling overview
Recycling overview We operate the world’s most sophisticated precious metals recycling facility and we Precious Metals are experts in treating the most complex materials. Our refining and recycling Refining technology gives used metals a new lease of life. Our processes help bring value to the circu
Slide 80: Recycling: balancing growth, returns and cash flows
Recycling Balancing growth, returns and cash flows Value driver Low Contribution to Umicore’s value creation High Normalizing Stable • Earnings path to depend on Earnings PGM prices PGM prices prevailing metal prices growth Battery (adj EBITDA growth) • Initial battery recycling payback Recycling se
Slide 81: Recycling: strong margins, returns and cash flows
Recycling Strong margins, returns & cash flows and Battery Recycling kicking in mid-decade € 0.64 bn 700 adj EBITDA + 21 % CAGR High single digit 600 + 14 % at 2020 rates CAGR at 2020 rates Close to Earnings dependent on assumed metal 500 € 0.5 bn normalization well prices but continue to generating
Slide 82: Recycling H1 2022
Recycling H1 2022 Revenues -18% and adj. EBITDA margin 47.8% H1 EBITDA margin Very strong performance, well above historical levels, albeit below H2 EBIT margin record H1 21 Revenues (m€) 1.250 1.108 Precious Metals Refining 1.000 836 457 Robust operational performance with stable volumes YoY 75
Slide 83: Zoom in on Precious Metal Refining and Battery Recycling Solutions
Zoom in on Precious Metal Refining (PMR) and Battery Recycling Solutions (BRS) Investor presentation - September 2022 83
Slide 84: Precious Metals Refining as platform for Battery Recycling
Recycling: Precious Metals Refining as solid platform to enable success in Battery Recycling EBITDA >30% of Business Precious Metals Refining Group Undisputed leader in complex precious metals recycling EBITDA with minimized carbon footprint Battery Recycling 2022 2026 2030 Battery Recycling: Batter
Slide 85: Precious Metal Refining
Precious Metal Refining Largest and most complex precious metals recycling operation in the world Leading refiner of 17 different metals Processes more than 200 different types of raw materials World class environmental and quality standards Investor presentation - September 2022 85
Slide 86: The value chain of metals
The value chain of metals Ores & Refined New concentrates metals products Smelters Consumers Mines Industry & refiners Complex mining Smelting Complex Complex concentrates & refining production end-of-life & residues residues scrap materials Industrial by-products End-of life materials Investor pres
Slide 87: Revenue Drivers
Revenue Drivers Main revenue drivers Treatment & refining Metal yield charges Treatment charges are Umicore assumes the risk determined, among other of recovery above or criteria, by the complexity under the contractually of the materials agreed recovery rate Investor presentation - September 2022 8
Slide 88: Metal price exposure
Metal price exposure Managing the effects of metal price movements Direct: Indirect: on earnings through metal through raw Systematic hedging of yield material availability transactional exposure Depending on market conditions hedging of (part of) structural metal price exposure through contractual
Slide 89: Umicore has unique technology
Umicore has unique technology Umicore is unique due to its proprietary complex flowsheet that combines three metallurgical streams This enables Ability to optimize Flexibility to treat Recovery & Scope to broaden feed and a broad range of valorization of the to new types of therefore input materials
Slide 90: Production scrap primary source of supply towards 2030
Production scrap primary source of supply towards 2030 End-of-life 2500 EV batteries and production scrap available for recycling (kMT, global) Total cathode materials Continuous startup of battery demand to grow dramatically 2000 plants towards expected to produce 2030, primarily driven significant
Slide 91: Global recycling need accelerating significantly post 2030
Global recycling need accelerating significantly post 2030 Robust technology to cope with feed mix changes End-of-life EV batteries and production scrap available Total cathode materials for recycling – per region (kMT, global) From 2030 end-of-life demand to grow dramatically 7.000 expected to beco
Slide 92: Recycling is crucial for the mobility transformation
Recycling is crucial for the mobility transformation… Recycling as SECURING critical additional RAW MAJOR Multiple use of source of supply MATERIALS ESG minerals versus single ADVANTAGES use of fossil fuels Upcoming recycled content targets Mandatory End-of-Life for new battery production battery re
Slide 93: Requiring critical competences and skills for battery recyclers
…requiring critical competences and skills for battery recyclers to succeed Process Product Services Effective volume & mass reduction at Output of high-quality battery Capability to collect and treat a wide massive scale (> 100kt/y) grade materials (no downcycling) variety of materials (production
Slide 94: Battery Recycling Solutions – RISE
Battery Recycling Solutions – RISE Capture profitable growth in circular battery value chain Scale up as frontrunner in Europe and prepare industrial presence in North America Leverage the optimal SUPPORTING OUR SCIENCE MEETS KEY ENABLER SCALABLE pyro-hydro balance as CUSTOMERS WITH BUSINESS: FOR TH
Slide 95: Financial KPIs H1 2022
_ umicore materials fer a bette, life Financial KPIs HL 2022
Slide 96: Financial KPIs
Financial KPIs in m€ FY FY H1 2020 2021 2022 Turnover 20.710 24.054 13.839 Revenues (excluding metal) 3.239 3.963 2.147,9 Adjusted EBITDA 804 1.251 601 Adjusted EBIT (*) 536 971 461,0 of which associates 8 21 11 Total EBIT 299 896 441 Adjusted EBIT margin 16.3% 24.0% 21.0% Adjusted net profit, Group
Slide 97: Business Group key figures
Business Group key figures CATALYSIS ENERGY & SURFACE TECHNOLOGIES RECYCLING FY FY H1 FY FY H1 FY FY H1 (in million €) 2020 2021 2022 (in million €) 2020 2021 2022 (in million €) 2020 2021 2022 Total turnover 5.917 8.155 3.907 Total turnover 2.811 3.534 2.229 Total turnover 13.904 15.609 9.075 Total
Slide 98: Umicore
. umicore materials fr a better, life